Electric Vehicles

Charging Stations for EVs to be $1.2 Billion Market by 2020

October 31, 2012
• by Staff

BOSTON – With government policy and investment driving automotive companies toward plug-in vehicles, the technology for delivering electricity to these vehicles will rise to a $1.2 billion market in 2020, according to a Lux Research report.

“Success for EVSE will ultimately follow the success of electric vehicles,” said Kevin See, Lux Research senior analyst and the lead author of the report. “It’s critical for those invested in charging stations to find the applications where there’s substantial growth.”

Lux Research analysts studied a web of partnerships in the EVSE market, besides building a forecast for its growth. Among their findings:

Europe is the leader. Europe will lead the global market with 2020 annual sales of 480,000 units. China forges ahead after a slow start, growing to 277,000 annual unit sales of charging stations by 2020.

China consumes the most energy. In 2020, plug-in vehicles in China will consume 1.9 TWh of electricity, or 23 percent of all energy consumed by plug-ins, the largest by any individual country, translating into $155 million in revenue for Chinese utilities.

Web of partnerships is key. AutoOEMs such as Ford, Daimler, GM, BMW, and Nissan form the core of charging infrastructure partnerships, with complex inter-connections with emerging companies – like BMW’s recent investment in Coulomb Technologies – and utilities.

Electric Vehicles

Automakers are increasingly debuting new vehicles and technology at CES, and this year will be no different, especially for Mercedes-Benz. The German automaker will show its new CLA sedan, EQC battery-electric SUV, and Vision Urbanetic cargo van concept at the show, which from from Jan. 8-11.

Infiniti will show an electrified concept crossover at the Detroit auto show in January, as it celebrates 30 years of producing vehicles and moves toward producing battery-electric crossovers and sedans.

Electrify America will invest another $200 million toward the development of zero emission vehicle infrastructure and education, which is the second investment from the company that was approved by the California Air Resources Board (CARB).